In the last 10 years or so, the world has really started to open its eyes to Bitcoin and the capabilities it has to offer. The best thing about Bitcoin is that it is completely anonymous. It has fantastic transaction speeds and you will also find that it has a high level of convenience too. This makes it one of the most effective and attractive payment solutions out there. If you are an online gambler then you will certainly want to look into this as a payment method. The online poker community has been a little slow when it comes to adopting cryptocurrency and a lot of people prefer to pay with a plastic debit card. Why is this? What does the future hold for cryptocurrency? Find out here.
The Multi-Million Dollar Pizza
Of course,https://ggpoker.co.uk are just one of the few poker sites to accept Bitcoin, but that could be about to change. After all, nearly everyone remembers the story of the million-dollar pizza. In 2010, someone decided to order a pizza and they elected to pay with Bitcoin. They believed that it wasn’t worth anything and that the value was very low to say the least. At the time, a whole coin was only worth a cent. Bitcoin then became worth $1,000 just three months later. This happened to make it one of the most expensive pizza orders to ever be placed. Even though it’s safe to say that the fate of Bitcoin is not set in stone, one thing is for sure, whoever paid for a pizza that day is now regretting their decision. If they had held onto the coin, they would have millions sitting in their bank account.
Cryptocurrency and Gambling
Ever since cryptocurrency took to the spotlight, mainly because of the pizza story mentioned above, it’s safe to say that people have been putting their collections at risk. Casinos are now starting to gain traction and they are also finding that if they pay in this manner then they can take advantage of fantastic results. One of the main bonuses that comes with betting by using cryptocurrency is that it is completely anonymous. In some places, gambling is forbidden by law and that is why cryptocurrency is such a good solution. There isn’t a single third party who is able to track it and they cannot snoop on it either. If you want to protect your public image then it is safe to say that this is the best way to get that done. Another bonus that comes with crypto is the low fees. This is the icing on the cake. Whenever you make a payment, you will see that the casino takes a portion of the money as a processing fee. This effectively diminishes your return every single time. Cryptocurrency, right now, comes with very low fees.
Even though crypto comes with a lot of advantages, the poker world is yet to accept the concept. Keep in mind that cryptocurrency hasn’t been around for a long time and traditionalists are having a hard time coming to terms with it. That being said, if the trends that are predicted for the next few years are anything to go by, it would seem that this is all about to change. The benefits that come with using crypto are going to get bigger and better, and soon it will be very hard for people to deny that it isn’t the best option out there when it comes to your deposit and your withdrawal.